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Showing results 1 to 25 of 144
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Search: Posts Made By: umich
Forum: Life 06-06-2018, 12:35 AM
Replies: 2
Views: 655
Posted By umich
My understanding is that VM-22 only applies to...

My understanding is that VM-22 only applies to single premium income annuities so there wonít be accumulation and annuitization. The reference period always starts at the premium determination date...
Forum: Life 06-05-2018, 09:44 PM
Replies: 2
Views: 655
Posted By umich
VM-22 Reference Period for Deferred Income Annuities

I'm working on the modeling of VM-22 for our company's payout annuities and trying to understand how reference period for Life Contingent contracts is calculated. The definition from NAIC says:
...
Forum: Life Pricing Exam 04-29-2018, 05:29 PM
Replies: 226
Views: 35,840
Posted By umich
I donít think leaving a problem blank will...

I donít think leaving a problem blank will immediately trigger a fail. Thatíd be unfair to someone who gets everything else correctly but the one they leave blank. The only pass/fail rule is whether...
Forum: Life Pricing Exam 04-21-2018, 05:30 PM
Replies: 226
Views: 35,840
Posted By umich
Just like vanishing premium does not really...

Just like vanishing premium does not really vanish in low interest rate environment and therefore the term is prohibited from being used in illustrations, annual ratchet without a floor also does not...
Forum: Life Pricing Exam 04-21-2018, 04:10 PM
Replies: 226
Views: 35,840
Posted By umich
Thought I knew EIA inside out, but #1 from Fall17...

Thought I knew EIA inside out, but #1 from Fall17 already got me confused. The product is designed to have an annual ratchet but no floor. I thought annual ratchet had an implied floor @ 0 because it...
Forum: Life Pricing Exam 03-31-2018, 08:17 PM
Replies: 226
Views: 35,840
Posted By umich
Commutation functions - memorize or not? There...

Commutation functions - memorize or not? There are a bunch but I'm only planning to memorize the most useful 2: Ax = Mx/Dx, ax = Nx/Dx. Would this be suffcient?
Forum: Life 03-17-2018, 01:31 PM
Replies: 4
Views: 1,119
Posted By umich
That makes sense! Thank you!

That makes sense! Thank you!
Forum: Life 03-16-2018, 08:05 PM
Replies: 4
Views: 1,119
Posted By umich
Mortality Gain/Loss Calculation

Hi everyone, I'm trying to understand the mechanics behind the mortality G/L calculation. I am reconstructing my company's payout annuity rollforward analysis and one of the most important lines...
Forum: Life Pricing Exam 03-12-2018, 10:14 PM
Replies: 226
Views: 35,840
Posted By umich
Conversion Option Pricing Formula

I found this formula very hard to understand and memorize mostly because it's all in words instead of symbols. The formula says the total cost of options at issue is the sum of the 2:
1. Credits to...
Forum: Software & Technology 03-09-2018, 12:23 PM
Replies: 43
Views: 2,358
Posted By umich
U.S. life company. I use GGY AXIS every day.

U.S. life company. I use GGY AXIS every day.
Forum: Life 03-08-2018, 08:37 PM
Replies: 6
Views: 892
Posted By umich
Thanks Eddie! Now back to studying the Mary Hardy...

Thanks Eddie! Now back to studying the Mary Hardy stuff.

https://i.imgur.com/BdMEES9.png
Forum: Life 03-08-2018, 01:11 PM
Replies: 6
Views: 892
Posted By umich
Hi! Thanks for your reply. The rates are used as...

Hi! Thanks for your reply. The rates are used as discount rates to calculate the GAAP Reserve for current year issues. Each issue year gets its own GAAP discount rate and once the year ends, the rate...
Forum: Life 03-08-2018, 11:45 AM
Replies: 6
Views: 892
Posted By umich
GAAP Valuation Rate for Payout Annuities

Hi! I'm in an entry level position in my company's annuity valuation team. Every month we calculate a GAAP rate for each line of the payout annuity business for the current issue year. The mechanics...
Forum: Life Finance and Valuation Exam 01-05-2018, 02:39 PM
Replies: 22
Views: 5,010
Posted By umich
I know this thread is aged. But this particular...

I know this thread is aged. But this particular comment really speaks what my confusion on LRT is. I am not studying for the LFV Exam but our company is going through LRT unlocking for a portfolio. I...
Forum: Modules 6-8 12-17-2017, 12:50 PM
Replies: 18,348
Views: 7,122,671
Posted By umich
Finally! Congrats!

Finally! Congrats!
Forum: Modules 6-8 12-16-2017, 03:10 PM
Replies: 18,348
Views: 7,122,671
Posted By umich
Submitted 11/6 MMR 12/16 Keep the party going!

Submitted 11/6
MMR 12/16
Keep the party going!
Forum: FAC, APC and PEC discussion forum 12-15-2017, 10:23 PM
Replies: 1
Views: 819
Posted By umich
Change APC Date after applying?

Just wondering if it's possible to change the date after sending my application? I just registered today and got an email saying "candidates will receive an email within the next 10 days"
Forum: Modules 1-5 12-15-2017, 11:13 AM
Replies: 3,574
Views: 1,026,450
Posted By umich
Very happy to see retakes being graded so fast...

Very happy to see retakes being graded so fast after they took close to 100 days to grade the initial submission. Go blue!
Forum: Modules 1-5 12-14-2017, 05:14 PM
Replies: 3,574
Views: 1,026,450
Posted By umich
WOW I was shocked. EOM4 Retake Submitted 12/1 MMR...

WOW I was shocked. EOM4 Retake Submitted 12/1 MMR 12/14.
Forum: Modules 1-5 12-14-2017, 04:07 PM
Replies: 3,574
Views: 1,026,450
Posted By umich
Tell me about it. I got 2 emails from the SOA...

Tell me about it. I got 2 emails from the SOA today. One titled "The Future of Autonomous Vehicles" and the other "Data Scientist or Actuary?".

I almost thought they were "Sorry you failed EOM4...
Forum: Modules 6-8 12-11-2017, 12:01 PM
Replies: 18,348
Views: 7,122,671
Posted By umich
Was the spreadsheet issue fixed?

Was the spreadsheet issue fixed?
Forum: Modules 6-8 12-08-2017, 05:29 PM
Replies: 11
Views: 1,510
Posted By umich
PM'd you.

PM'd you.
Forum: Modules 1-5 12-06-2017, 11:43 AM
Replies: 3,574
Views: 1,026,450
Posted By umich
Still better than my EOM4: Submitted 8/27 DNMMR...

Still better than my EOM4:
Submitted 8/27 DNMMR 11/29
Forum: Modules 6-8 12-06-2017, 10:44 AM
Replies: 487
Views: 222,549
Posted By umich
I have the same question. I wouldn't mind another...

I have the same question. I wouldn't mind another mini grading party if those 2 outliers are real data.
Forum: Modules 6-8 12-05-2017, 04:22 PM
Replies: 526
Views: 137,889
Posted By umich
Submitted 10/7 MMR 12/5 EOM6 Submitted 9/21...

Submitted 10/7 MMR 12/5

EOM6 Submitted 9/21 MMR 12/5

2 MMRs in a day! :guitarwo:
Showing results 1 to 25 of 144

 

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